All USA articles – Page 33
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News
Macy's to cut 1,500 jobs
Department store operator Macy’s is to cut 1,500 store-level jobs, according to reports in the US press.The move comes as the retailer strives to improve efficiencies across the company. Remaining staff will undergo training to take on additional responsibilities.Macy’s spokesman Jim Sluzewski declined to confirm the number of redundancies, but ...
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AnalysisWalmart savings will fund improvements to US stores
Staying true to the first promise in its strapline “Save money. Live better”, Walmart is embarking on a series of organisational changes in an attempt to drive further efficiencies across the company.
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News
Target to expand to Canada
Discount retailer Target is making plans to expand outside the US, including a foray into Canada.The retailer wants to open its first stores outside its home country within three to five years. It is considering Canada, Mexico or Latin America as its most likely destinations.“As we approach each of these ...
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News
Walmart to cut jobs
Walmart plans to cut about 11,200 jobs at its Sam’s Club warehouse chain as it outsources its in-store product demonstrations.The move is part of an effort to improve sales at Sam’s Club, which has underperformed compared with the retailer’s other fascias.The cuts represent about 10% of the 600-store chain’s 110,000 ...
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Macy's to launch outlet store
Macy’s-owned Bloomingdale’s plans to launch outlet stores.The first four outlet stores will open in the second half of the year, with two expected to be located in South Florida.The 25,000 sq ft stores will carry clothing and accessories for women, men and children. They will feature both new merchandise and ...
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News
US sales down 0.3%
Retail sales fell 0.3% in December compared with November, casting uncertainty over the recovery of the economy.Figures from the US Commerce Department showed electricals sales were among the biggest fallers.It also said concerns over job security are expected to continue to restrict spending, with unemployment still at 10%.December’s figures end ...
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News
Delhaize Group sales up 1.2%
Sales at Delhaize Group rose 1.2% last year at a constant exchange rate, with organic revenue growth of 2.4%.Growth was helped by a solid performance in Belgium and double-digit rises at its Greek, Romanian and Indonesian operations.At its US arm, sales fell 1.3%, affected by the strengthening of the US ...
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GalleryA retail slice of the Big Apple
Retailers in New York have had a tough year, but there are signs that those that weathered the storm have emerged with better-looking stores
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AnalysisRecovering US retailers’ plan of attack
The rules of retail in the US have changed, but the impact will be felt worldwide. Joanna Perry reports from New York
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NewsTax and debt burden fails to dent US retail optimism
US retailers have certainly got a spring back in their step if the evidence from last week’s annual get-together at the National Retail Federation (NRF) in New York was anything to go by.
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News
SuperValu is one of the latest US retailers to launch a range rationalisation programme
In some categories, the SKU count will be reduced by up to 25% as the grocer aims to reduce costs and remove complexity from the shopping experience.According to chief executive Craig Herkert, the move is designed to eliminate redundant package sizes rather than get rid of entire product brands. “I ...
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GalleryStore of the week: Superdry, New York
The eyes of many British retailers seeking to advertise that they are global brands seem, in many high-profile instances, to turn more readily towards the US than Europe when a judgement is made about where to go next.
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Target sales up 1.8%
Retailers’ sales for the festive period were boosted by last-minute shopping and reduced pre-Christmas discounting, thanks to tighter management of inventories in the run-up to the holidays.Like-for-like sales at discounter Target rose 1.8% year on year; fashion giant Gap’s like-for-likes were up 1%, including a 7% rise at its cheaper ...
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News
Walmart to cut costs
Walmart is to launch a drive to cut billions of dollars of costs from its supply chain in 2010 by combining its store purchasing across national frontiers as it attempts to globalise its business, The Financial Times reported.The effort is part of the retailer’s plans to increase the proportion of ...
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AnalysisHow US retailers can crack the UK market
As Victoria’s Secret becomes the latest US retail giant to focus on the UK, Lisa Berwin asks what the attraction is and how they can crack the market.
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JC Penney signs Liz Claiborne licensing deal
US Department store chain JC Penney has signed a licensing agreement with Liz Claiborne to exclusively sell its namesake line of clothing in stores beginning in autumn next year.The 10-year deal includes 30 categories from apparel and accessories, including jewellery, shoes anda home merchandise. After five years, JC Penney will ...
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AnalysisUS warehouse clubs suffer as discretionary spend dips
US warehouse club operators like Costco will have to brace themselves for more difficult trading in the near term
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News
Family Dollar Store profits up
Family Dollar Stores posted a 25% net income increase to $291.3m (£178.2m) for the financial year ending August 29, up on the $233.1m (£142.6m) reported the year earlier. Operating profit, as a percentage of sales, was 6.1% for the period compared with 5.2% last year. Sales were $7.4bn (£4.5bn), a ...
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News
US Retail sales rise
US Retail sales have risen for the first time since the financial crisis started in September last year.This year, September’s sales were up 1.1% on the same month last year, according to the Retail Metrics like-for-likes sales index. The rise was attributed to stronger autumn fashions, more aggressive promotional activity ...
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News
Rite Aid Q2 sales down 2.7%
Year-on-year sales at pharmacy chain Rite Aid declined 2.7% to $6.3bn (£3.9bn) for the second quarter to August 29.The slide was attributed primarily to store closures and non-pharmacy same-store sales. Overall, same-store sales fell 1.1% for the quarter, with a 4.9% decrease in non-pharmacy sales and a 0.8% increase in ...